A guide to Canadian government grants, BDC programs, SR&ED credits, and public support for entrepreneurs and small businesses.
Canada offers one of the world's most comprehensive ecosystems of government support for entrepreneurs, combining federal tax incentives, development bank programs, grants, and a network of regional development agencies. Understanding this landscape can significantly reduce the cost of starting and growing a business in Canada.
The Canada Small Business Financing Program (CSBFP) provides government-backed loans to small businesses through chartered banks and credit unions. The government guarantees up to 85% of loans for the purchase of equipment, leasehold improvements, and real estate. Maximum loan amounts are $1 million for real estate and $350,000 for equipment and leasehold improvements, with repayment terms of up to 10 years.
The Canada Small Business Financing Program has helped thousands of Canadian entrepreneurs access bank financing they would otherwise be denied. By providing government guarantees, the program reduces the risk for lenders and enables them to extend credit to businesses with limited collateral or short operating histories.
The NRC's Industrial Research Assistance Program (IRAP) provides grants and advisory services to innovative Canadian SMEs. IRAP grants support the hiring of technical staff, R&D projects, and technology adoption. IRAP advisors provide free advisory services to help businesses navigate the innovation ecosystem and access appropriate funding programs.
Futurpreneur Canada provides financing, mentoring, and support resources to young entrepreneurs (ages 18-39). The program provides loans of up to $20,000 (or up to $60,000 in partnership with BDC) alongside mentorship from experienced business professionals. Futurpreneur has helped thousands of young Canadians launch businesses across all sectors.
Canada's six regional development agencies — including FedDev Ontario, Western Economic Diversification Canada, and Atlantic Canada Opportunities Agency (ACOA) — provide grants, loans, and advisory services to businesses in their respective regions. These agencies are particularly valuable for businesses in smaller communities and regions outside the major urban centres.
Export Development Canada (EDC) provides financing, insurance, and advisory services to Canadian exporters. The CanExport program provides grants of up to $99,999 to help Canadian SMEs develop new export markets. The Trade Commissioner Service provides free advisory services to Canadian businesses seeking to expand internationally, with offices in over 160 cities worldwide.
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